USDJPYUS Dollar / Japanese Yen
157.86
+0.12%
SUPPORT:156.28154.7
RESISTANCE:159.45161.03
Past
What happened
USD/JPY edged up 19 pips to 157.86 as US 10Y yields climbed to 4.48%, widening the rate differential against the BoJ's ultra-loose stance.
Why
Why it matters
New Fed chair Warsh's hawkish rhetoric on inflation is pushing the long end higher, but yen weakness past 158 risks verbal intervention from Tokyo.
Watch
What to watch
US Retail Sales at 15:30 TRT — a strong print extends the yield push toward 158.50; BoJ commentary is the wildcard.
HEADLINES
- Why a Plunging Dollar Is Missing Out on the Relief RallyBarrons.com
- How Markets Reacted to Trump's Iran Post, in ChartsThe Wall Street Journal
- The Dollar Isn’t Done. Why It’s Outshining Rivals Amid Iran Crisis.Barrons.com